WS Canlife Sterling Liquidity Fund

WS Canlife Sterling Liquidity Fund

• • The WS Canlife Sterling Liquidity Fund is classified and operates as a standard variable net asset value (VNAV) money market fund and invests its assets in accordance with the COLL Sourcebook’s definition of a money market fund
• The Fund invests in sterling-denominated money market instruments, transferable securities and deposits which comply with the regulatory requirements for investment within a money market fund. Money market instruments include commercial paper, certificates of deposit, floating rate notes, short dated bonds and asset-backed commercial paper
• It holds a portfolio of high-quality money market assets that are rated between AAA and A. However, the Sub-fund will only invest in money market assets that will be rated between AAA and A at the point of purchase
• It may also invest in collective investment schemes that comply with the FCA Handbook definition of a money market fund or a short-term money market fund, as well as cash
• The Fund can enter into reverse repurchase agreements on a short-term basis
• The Fund may use derivatives for efficient portfolio management purposes

For further details on the objective and investment policy, visit the Literature section to view fund KIIDs and Prospectus.

How the fund is managed:

• The Fund Managers adopt a conservative, low-risk style that concentrates on counterparties with strong fundamentals

• All counterparties are monitored and reviewed regularly by the credit analysis team

• Credit ratings are internal and assigned by Canada Life Asset Management. Ratings will generally be in line with the major external rating agencies and should not be higher than the highest rating of these. Canada Life Asset Management will assign ratings to bonds that do not have an external rating

• The portfolio will typically allocate to between 40 and 80 issuers

Ratings

Reasons to recommend

Diversified and effective solution

The WS Canlife Sterling Liquidity Fund is a vehicle for investors’ cash deposits. The Fund aims to meet this demand, enabling investors to generate a return on their short-term deposits, manage cash flow efficiently, whilst also maintaining the ability to put cash reserves to play in markets strategically.

High quality and credibility

We have a significant credit research team and a long heritage in fixed income investing, with a focus on strong credits, diversification and capital protection. Any instrument held in the fund must have a minimum A rating.

Trust and expertise

Our liquidity fund managers have worked together for over 15 years and are responsible for managing short bond and liquidity mandates for a number of institutional clients, as well as life and pension money funds.

The value of investments may fall as well as rise and investors may not get back the amount invested.

This fund is a UCITS scheme and a standard variable net asset value (VNAV) money market fund (MMF). The MMF is not a guaranteed investment, nor does it receive external support to guarantee its liquidity. Unlike bank deposits, investment in MMFs can fluctuate and investors’ capital is at risk.

This page is for information only. It does not constitute a direct offer to anyone, or a solicitation by anyone, to subscribe for shares or buy units in fund(s). Subscription for shares and buying units in the fund must only be made on the basis of the latest Prospectus and the Key Investor Information Document (KIID) available in the Literature section